Power Integrations Q2 revenue beats, helped by growth in industrial markets

Power Integrations

05/08/2026 21:13

Overview
Semiconductor maker's Q2 revenue rose 10% sequentially, beating analyst expectations
Q2 non-GAAP EPS increased yr/yr to $0.37
Company cites growth in industrial markets and improved profitability as key drivers

Outlook
Power Integrations expects Q3 revenue between $122 mln and $130 mln
Company sees Q3 GAAP gross margin between 53.3% and 54.4%
Company says demand driven by renewable energy, grid infrastructure and AI data centers

Result Drivers
INDUSTRIAL MARKET GROWTH - Co said continued growth in industrial markets contributed to Q2 results
INVENTORY REDUCTION - Co reported lower inventories in the distribution channel and on its balance sheet
RENEWABLES AND AI DEMAND - CEO cited investment in renewable energy, grid infrastructure and AI data centers as supporting customer demand

Company press release: ID:nBw7K237Za

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$118.94 mln
$117.44 mln (5 Analysts)
Q2 Net Income
 
$9.83 mln
 
Q2 Pretax Profit
 
$11.23 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Power Integrations, Inc. is $85.00, about 31.6% above its August 4 closing price of $64.57
The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 49 three months ago

Reuters Recommended Reads
Aug 3 - Onsemi forecasts upbeat revenue on surging AI data center chip demand
Aug 5 - Germany's Infineon Q3 revenue rises on strong AI data center demand
Aug 3 - Advanced Energy Q2 revenue beats estimates on semiconductor demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)